You Be the Bank

Publisher's Summary

Have you ever thought about what the wealthy and elite do differently? What tools, vehicles, and concepts are they implementing throughout their lives that keep them on the right side of the money and out of the rat race? The truth is that banks and finance companies have built generational wealth on the ignorance of regular America people through substantial interest and fees charged throughout history. It's time to turn the tables and learn how you can be your very own banker. Re-harness the power of compound interest to work in your favor!

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Customer Reviews

Most Helpful

Book of bad advice.

Using a cash value life insurance policy as an investment vehicle is the worst financial advise anyone can give. The author goes on and on about the tax breaks but that's the ONLY advantage it has. Consider this: your cash value doesn't even begin to accumulate until the third or fourth year of paying into it. If and when you do borrow from it your likely looking at 6 to 8 percent interest when paying it back and when you die you lose the cash value and only get the death benefit. Not to mention the fees on a whole life policy are much higher then just about any other investment. If your looking to buy insurance buy term then invest in real securities. When your term ends your investments should have grown to the point of you being self insured. This whole book is a sales pitch.